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Scope Technologies Corp. Signs First Majestic Silver Corp. as Enterprise Client for their Quantum-Resistant Encryption and Decentralized Data Vault Solutions
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") is pleased to announce that First Majestic Silver Corp. ("First Majestic"), a publicly traded mining company, has signed as an enterprise client for Scope's round-trip encrypted, immutable decentralized data storage and quantum-resilient security solutions.
As part of Scope Technologies' comprehensive engagement process, First Majestic Silver Corp. underwent a custom Proof of Concept ("POC") process, specifically designed to meet their stringent performance and security standards. This process included Scope's Quantum Preparedness Assessment, a rigorous evaluation of potential data vulnerabilities in a future quantum computing landscape. By addressing both present and anticipated risks, the assessment ensures that Scope's solutions integrate seamlessly with First Majestic's IT infrastructure while aligning with future-proofed quantum-resilient standards. This level of security reinforces data integrity across all stages of technological evolution, allowing Scope's enterprise clients to operate with confidence in a rapidly advancing digital era.
"As we enter an age where quantum computing advancements, like Google's recent progress with their Willow project, accelerate the urgency for businesses to adopt quantum-resistant encryption and storage, companies must act decisively to future-proof their critical data," said James Young, CEO of Scope Technologies. "First Majestic's decision to utilize our quantum resistant encryption and data vault services underscores the growing recognition of the need for proactive measures in the face of rapidly evolving technology."
Sean Prescott, Founder of Scope Technologies, added: "Our solutions are designed to withstand both classical and quantum-level threats, ensuring the highest standards of encryption, immutability, and decentralization. We're proud of our engagement with First Majestic and support their commitment to quantum-resilient data protection."
This engagement represents a significant validation of Scope's technology. Scope encourages businesses across industries to reach out for a discovery call-either directly to James Young at james@qse.group or via the Contact Us page. Scope aims to bring this next-generation security to all businesses, ensuring protection against both today's threat vectors and those emerging in the quantum future.
Additional information and pricing of our quantum data security services can be found at: www.qse.group.
About First Majestic Silver Corp.
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A
About Scope Technologies Corp.
Headquartered in Vancouver, British Columbia, Scope Technologies Corp. is a pioneering technology company specializing in quantum security and machine learning. Through its primary brand, QSE Group, Scope provides next-generation solutions in data security, quantum encryption, and decentralized storage, empowering businesses with secure, scalable technologies that drive growth and operational efficiency.
This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at www.sedarplus.ca. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
